COMMIES CLEAR UP ON WORLD TRADE - Yanks spend money they haven't got, Brits design handbags

Another month, another multi-billion dollar profit for China Inc.
While trade deficits slipped to all time highs in the UK and US for March 2006, the Chinese economy showed no signs of slowing down - and turned in a nice little $11 US Billion Dollar surplus for the co-operative that is the Chinese Communist Party.
The government in China has managed to maintain trade restrictions, foreign currency rates and of course its grip on the internal Chinese economy which has a booming manufacturing base.
This month's surplus is more than double the figure for March 2005, and as the dollar slips in value again, Bush's war debts will eventually become a big albatross around the neck of the American public.
Shopping is currently keeping the US economy afloat, but is also murdering its trade deficit.
Eventually a rising oil price will bring the energy-negative US economy down, with no money left in the pot to pay for it.
Meanwhile in the UK, our economy is becoming flimsy for a different reason.
We don't make anything any more (or fix anything, come to that - see the lamp-post below).
With manufactured goods representing only a quarter of the UK's exports, it's lowest share ever, our profits are now firmly hedged in services like banking, insurance, travel, and designing pretty fashiony things like handbags - which we then send to China to get made.
All a bit whoopsy if the world economy really focuses on the Far East in the 21st Century and they learn how to design handbags themselves.
Then we could really be in trouble.